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ever gets to the point where he's really going to cut the big three. i do give the president a great deal of credit for fighting the republicans like this and standing up to them. they're a reckless party and they don't care if they have another financial meltdown in this country. this is one of the most un-american things i think i have ever seen play out by a political party. president obama is putting politics aside. it's time for the republicans to do the same. i mean, when the president says this may sink my presidency, he's willing to have that happen as long as it saves the country financially. for once, for sure, we can turn to washington and see that there is someone and it happens to be president obama who's willing to put country first at the stake of -- at the sake of possibly losing his base in a very important election cycle and it may, of course, jeopardize his re-election. he's got 77 people in the house who signed on a resolution saying no cuts to the big three and willing to go to war with them as well to save the economy. where are the republicans? for the latest o
the cynicism and show the american people we can still do big things." so he will make the case to congressional leaders that we must reject politics of least resistance and take on this critical challenge. joining us now is the senate's top republican, who will be a key participant at today's talks. senator mitch mcconnell. welcome back to "fox news sunday." >> glad to be here. >> bret: let's start with what happened and from your perspective, where do things stand now ahead of the meeting tonight at the white house? >> unfortunately, as the speaker said, the white house and congressional democrats are insisting on big tax increases as a condition to do anything on the spending side. bret, we believe the president is right back in december -- was right in december when he signed the two-year extension of the current tax rates that raising taxes in the middle of the economic situation we're in is a terrible idea. just look at the unemployment figures last friday. all the arguments the president used in december still work today there is an additional issue other than unemploymen
very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were pedalling a bid on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under control. but to do that, we have to have some shared sacrifice
, but this is a grave moment for the country. we need to do something very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were back pedaling a bit on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under
need to do that. we have come up with a trillion in cuts. we need to ask big oil companies and people making over a million dollars to do their fair share by increasing revenues. >> let's talk about a short term deal. are you willing to vote for something that is iks to eight months, the trillion, trillion and a half cuts that have been agred to among the biden group to raise the debt ceiling temporarily? can you sign on to something like that? >> chuck, i prefer ton. i wasn't elected to kick the can. the matter is, he can don't need to kick the can. everybody knows what needs to be done. tighten belts, those are the elements of a long term deal that will help our economy grow and prosper in the future. we have done it before. we could do it again. it would be nice it if we had republicans to noe republicans to negotiate in, in good faith. >> some cuts in medicare, i know you guys have been making a big deal about the 45th anniversary of medicare just past, are you going it sign on some t.o. something that has trends m n medicare as long as you don't feel it hits beneficiaries directl
probing with the white house the possibility of a big deal that would be nearly $4 trillion in deficit reduction and include $800 billion in added tax revenues over the next ten years. if he goes this route, i am told he will face a revolt from his republicans on the house including his fellow leaders including kevin mccarthy, i'm told he is still considering it even though it's risky. >> treasury secretary tim geithner joins me now. he would have to manage the chaos if the united states defaults for the first time in history. secretary geithner, thank you for being here. well, you just heard what jonathan said about what'ss on the table. is it possible that there will be a framework deal in place by 4:00 p.m. this afternoon. >> i hope so. again, both leaders recognize they're running out of time. they need to get this process moving in the house by monday night to achieve that deadline. they need to have a framework that they know with complete confidence will pass both houses of congress and is acceptable to the president and that should happen today. >> you think it can happen befor
reporter dovetails neatly with our big question tonight. keeping them honest, if a strong majority of americans is telling washington they want a deal on the debt crisis, they want these guys to compromise with the other side, they want a mix of spending cuts and tax increases. then why isn't washington getting the mage? we've got new polling that says all of that. and this is important. recent polling may also explain why we haven't got an deal yet. we'll tell you what we're talking about. in any case, americans are speaking out today. >> good morning, speaker boehner's office. how may i help you? >> a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volume of normal phone calls, house speaker baine er's office reporting as many as 300 people on hold for as long as an hour. online the same story. site unavailable. server busy. we found better than one in three congressional web sites either slow or down entirely from all the volume. also multiple
. they are convincing one another that it is not that big after deal. so right now the white house's big hope and i don't think it is misplace said that if we go to do doom's days on this, the hope is people that get blamed will be the republicans. >> that's option 2. that's default. i've given you two options. >> it's not default if we don't stop sending out the checks. if we keep sending out the checks, it's not default. we didn't default in '95. we just got near to it. >> does the president then say, okay, i'll agree to the republican plan? what's the third option besides default and defeat? how does he force his point of view, which is a reasonable balance, two or three to one, spending cuts to revenue hikes. >> i have no idea. i should say they're talking four or five to one. >> how do we get to there then? >> he can't. on his own we simply cannot. we live in a country, the constitution, the constitution has ultimate power. a lot of people think he could ignore them by asserting constitutional authority, but that is really dependent on the supreme court. >> am i right that it depends on one man, j
. >> so, you think a grand bargain, the big deal the president is pursuing, $4 trillion in cuts over ten years, is it still possible or is it dead? >> we're going to try to get the biggest deal possible, the deal that's best for the economy, not justice in the short term, things that will help make sure americans get some tax relief they need right now, like extending the payroll tax cut, which is about $1,000 for the average family, but also things that will help make sure we have room to invest in our future and help bring those long-term deficits down over time. >> let me understand a couple bottom lines. does a tax increase, some kind of revenue increase, have to be part of this deal from the white house point of view? >> you have to have balance in the package for that to work. it's true economically and politically. republicans have told us from the beginning, they can't pass a debt limit increase, they can't pass a budget deal just with republican votes. they need democratic votes. it's going to take democrats and republicans in both houses to do something. that's the reason why p
out the president has a big birthday bash scheduled for august 3rd, celebrities flying in from all over. and lo and behold, august 2nd is the deadline for getting something done so that he can have this massive -- maybe the biggest fundraising dinner in history for a birthday celebration. >> and here's iowa congressman steve king. >> it's not default. they've been calling it default to try to stampede people into taking a bad deal here in this congress. the american people understand this. they understand at least intuitively that it would be the president who would willfully default if there's to be a default. i'd like to think the investor markets understand that, too. >> keeping them honest, there's little reason to think that's true. and plenty of people in the gop establishment and the business community sending up warning flairs. officials at the bond rating company standard & poors today briefing freshman republicans about what might happen. political reporting tonight they were cautioned that one possibility is "a death spiral in the bond market". s & p is already on record
position. that if big spending cuts are agreed upon the federal debt ceiling should be raised for the good of the nation. it's the same thing that happened three years ago when president bush told the country the economy was about to collapse because the financial industry was going under. some americans didn't believe that but all the evidence says it was true. that the feds had to bail out the financial industry and that's what happened. same boat, different year. you can imagine what the worldwide markets will do if the u.s.a. defaults on obligations in august. all of us will suffer economically because foreign investors would begin to pull their money out of america. the dollar would plummet along with stocks. so a deal must get done. but president obama is making a huge mistake in trying to raise taxes now. why bother with that? just campaign on your economic position, mr. president. and if you get reelected you can raise taxes later. on the g.o.p. side, we need tax reform desperately in this country. we need to raise more revenue in smart ways. perhaps a 1% national sales tax. that c
, some real big news, actually, because speaker boehner, it seems, may have a plan that will come to fruition, before 4 p.m. this afternoon so that the asian markets aren't rattled and it will involve sort of a two pronged approach. >> yeah, but the most important part of the two step process clayton mentioned there's going to be a short-term extension involved and the democrats have objected to that, as you know, from the very beginning, the president, nancy pelosi, harry reid all three last night reiterating they will not support a short-term extension. so it appears we are playing with some serious fire on this sunday. >> what does john boehner do, comes up and hands over the paper work, they immediately say no. listen to this, thises what mitch mcconnell has to say about this. there is bipartisan agreement on the need to prevent fault and given the unprecedented size of the debt ceiling increase, the president is requesting, this is not an easy process. and the effort to prevent default while substantially reducing washington spending will continue. >> of course, all of the co
and other democrats. it's not about increasing taxes for anyone. it's about getting rid of some of the big businesses who do not need these extra funds. host: phil in orlando, florida, an independent. what are your thoughts? caller: good morning. we should work on a grand bargain, instead of a mini-deal. to me, it is basic common sense. we need to get people moving in the process. it could be a national bordering program -- national program to do some work that would stimulate your psychological and social well-being. secondly, we should be making sure the parties are not playing politics and bowling to their constituents, who basically seem like the corporations that are running the government. host: would you characterize the tea party as a corporate complex? caller: the tea party has merits. we understand their protests. there seems to be sort of an ideology attached to it, as well, which is under the surface of the tea party. host: let's talk to william, a democrat in hollywood, florida. go ahead. ay the: i'm going to s grand deal. that's what we need to make. second of all, entitlemen
the democrats point of view, no tax hikes as well. >> that's the big sacrifice? one of their big cuts is a trillion dollars out of the defense budget because they figured out that the iraq war is winding down so afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right t
is it the big question of default and whether or not it would indeed have to happen? weigh in, you can see what other folks are saying there, we'll check back in on that survey in a little while. let's go for a moment to the state of alabama where educators are raising concerns about the state's new immigration law. the people who run the school district are complaining that following that law may put them at risk of losing federal funding. jonathan serrie has that story live from atlanta. >> reporter: sponsors of the new law say it's going to give alabama taxpayers an accurate assessment of just how much they pay each year to support public services, including education for illegal immigrants. but some public school officials say it places them in an uncomfortable position. some alabama educators fear the state's new law cracking down on illegal immigration could jeopardize millions of dollars of federal funding for public schools. at issue is one provision requiring schools to report the number of undocumented students they enroll. phoenix city school superintendent larry dechera says it's eu
on the foundation of businesses, big and small, providing the goods and services that the market demands. restamericans livelihood's on businesses providing jobs which are currently in short supply. the unemployment rate is hovering around 9%. poverty has increased 14% -- to 14% of americans now living in poverty, and many who are unemployed have been searching for work for more than a year. these americans need a job and the certainty that comes with going to work every day. in this environment, the business community has an opportunity and an obligation to help get americans back to work. businesses need to step up to the plate by preserving good- paying jobs and creating new ones, which means not just waiting for demand to fully recover, giving americans a chance, including the long-term unemployed. we want to make sure our tax code supports efforts to create jobs. our ultimate goal is not simply economic growth for the sake of a or profitability for business owners alone, but job creation cannot occur without this growth. we know the american businesses face obstacles in achieving gr
in the big picture. when you start going to one extreme or the other, you're not going to get anything done. everybody's egos are going to get hurt constantly. so, you know, there are so many different ways that they look at things. for instance, holistically, people that have been paying into social security have basically been paying with ious and stuff like that for a very long time. they are saying everybody has to be on the table. we have been on the table for the longest of time, giving i'll use. they actually said, ok. it is like looking at soldiers in iraq and saying, well, you have to put yourself on the table. that is the way to look at some of these things. i think that, if we get more congressmen -- it is difficult when they are being paid by big business and stuff. they say extreme things so that they know big brother is noticing that they are putting their plugs in for them. winning campaign financing to keep the map the point -- we need campaign financing to keep them at the point where they can look at things holistically. host: thank you for weighing in. we will talk about
this is not a big deal? $800 million of aids has been suspended. >> both sides are working together on a number of things and pakistan is not happy with the pace of delivery of assistance. americans are not happy with the pace of delivery of certain deliverables from pakistan. it happens sometimes. right now because pakistan is a fledgling democracy and everything that happens there hits the media and there's an american domestic political context in which everything becomes an issue because of the way people react to your administration. this has become -- >> the reaction in pakistan to the u.s. decision to suspend at least for now $800 million in promised aid, a spokesman for the pakistani military saying in the past, we have not been dependent -- we have not been dependent on any external support for these operations. and they will. >> in 1999 there was no aid relationship. even though the u.s. and pakistan continued to work together albeit in a limited manner. it's not a good idea. it insults the people of pakistan. >> $800 million is a lot of money that can be used to build schools here in
to get the whole grain you want from your favorite big g cereals. from cheerios to lucky charms, there's whole grain in every box. make sure to look for the white check. with diabetes, it's tough to keep life balanced. i don't always have time to eat like i should. and the more i focus on everything else, the less time i have to take care of me. that's why i like glucerna shakes. they have slowly digestible carbs to help minimize blood sugar spikes, which can help ler a1c. glucerna products help me keep everything balanced. [ golf ubs clanking ] [ husband ] i'm good! well, almost everything. [ male announcer ] glucerna. delicious shakes and bars. helping people with diabetes find balance. >> shannon: we hear a lot about the august 2nd debt ceiling deadline. what happens if politicians fail to raise the ceiling. james rosen spells it out. >> debt to me is experience through the eyes of president obama himself and what what happens if he and lawmakers fail to raise the debt ceiling before august 2nd. as the president sits in the oval office and surveys what the nation takes in and also t
hundreds! yeah, that'll certainly stick with me. we'll take it. go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. [ male announcer ] time to check your air conditioning? come to meineke now and get a free ac system check and a free cooler with paid ac service. meineke. we have the coolest customers. >>> democrats and republicans hold another round of talks today on raising the country's debt limit and reducing the deficit. the obama administration is pushing for a deal sooner rather than later. our white house correspondent dan lothian is joining us with an update. dan, i guess we heard from the treasury secretary, timothy geithner, stepping up the sense of urgency. why do you suppose he did that? what did he say? >> reporter: well, what he's trying to do is essentially push this theme that the president has been pushing, that he still wants to go for the biggest, most comprehensive deal possible because this administration believes that that's the best thing for the economy, not only over the long term, but also t
more to life somewhere else after all it was a great big world with lots of places to run to and if she had to die trying she had one little promise she was going to keep oh yeah all right take it easy baby make it last all night she was an american girl ♪ it was kind of cold that night she still owed alone on a balcony yes, she could hear the cars roll by out on 441 like waves crashing on the beach and for one desperate moment there he crept bk in her memory got its so painful when something that's so close is still so far out of reach oh yeah all right take it easy baby make it last all night she was an american girl ♪ ♪ ♪ >> let's win ts thing. >> amen, let's do it this time. it is going to happen. thank you. thank you so much. hello there. thank you so much. ♪ ♪ fluf ♪ ♪ >> tempo pawlenty outlined his public policy position at a speech for the council of foreign relations on tuesday. he criticized the obama relations. this is one hour. >> thank you for being here. i'm delighted to have a chance to show my views. there are challenges facing the united states of americ
Search Results 0 to 44 of about 45 (some duplicates have been removed)